tag:blogger.com,1999:blog-4740849900073154554.post431153874231277905..comments2023-08-25T17:30:36.937+05:30Comments on Business Musings: Why does anybody borrow on a credit card ?Rameshhttp://www.blogger.com/profile/11782192840421019943noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4740849900073154554.post-54515935985017267892009-02-24T04:19:00.000+05:302009-02-24T04:19:00.000+05:30Agree CMK - Nothing can replace personal responsib...Agree CMK - Nothing can replace personal responsibility. But not everybody is strong always and that's why we ban advtg on cigarettes and declare war on drugs. I see this not very much different and therefore companies must also be more responsible than what they are now. Having said that, if somebody still does a silly thing, he deserves the kick.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-42578028020240786202009-02-24T04:17:00.000+05:302009-02-24T04:17:00.000+05:30Yes Carol, hence my strong words. It can ruin some...Yes Carol, hence my strong words. It can ruin somebody if she isn't careful.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-43558618099178889112009-02-23T22:42:00.000+05:302009-02-23T22:42:00.000+05:30Okay - the credit card companies lure you. But why...Okay - the credit card companies lure you. But why can't people learn to say no.<BR/><BR/>Don't you think the individuals are equally responsible or irresponsible? It happenned with the 'nidhi companies' and 'mutual benefit comopanies' as well. People fell over each other to deposit money in them for the 'attractive' interest rates offered and then blamed those companies when they lost their money. Not many paused to think if the schemes were viable. Probably they do not think at all!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-82628936651764223152009-02-20T11:45:00.000+05:302009-02-20T11:45:00.000+05:30What a coincidence! I was told yesterday that the ...What a coincidence! I was told yesterday that the credit card has the highest interest on cash advance. If you borrow cash RMB20~30K from credit card and pay minimum payment by 10%every month, it might take your whole life to clear the debt.Anonymousnoreply@blogger.com